John Long
Frontier Communications/Rochester Telephone Emeritus Professor
Area(s) of Expertise
Finance
- Research Interests
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Professor Long has research interests primarily in the area of financial economics. In his published articles, he has addressed many of the financial decision problems faced by individuals and firms. These include total savings and portfolio-selection decisions (with particular emphasis on income tax implications and the performance of sophisticated portfolio-selection techniques), investment-project evaluation and dividend-policy choice. In other articles, he addresses the behavior of relative asset prices, the measurement of “abnormal” asset returns, the implications of taxes and inflation for common stock prices and the term structure of interest rates. With Charles I. Plosser, Long has done theoretical and empirical research on fundamental interpretations of fluctuations in economic activity (business cycles). Long is a past editor and advisory editor of the Journal of Financial Economicsand a member of Beta Gamma Sigma.
- Teaching Interests
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Financial Economics Price Theory
- Publications
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Implementing Fischer Black's Simple Discounting Rule2010Journal of Applied Corporate FinanceIssue2 (Spring 2010)Volume22Using Proxies for the Short Rate: When are Three Months Like an Instant?1999Review of Financial StudiesIssue4Volume12The Numeraire Portfolio1990Journal of Financial EconomicsIssue1Volume26Sectoral Vs. Aggregate Shocks in the Business Cycle1987American Economic ReviewIssue2Volume77Comments on "Gaussian Demand and Commodity Bundling1984Journal of BusinessIssue1 (Part 2)Volume57Real Business Cycles1983Journal of Political EconomyIssue1Volume91Signalling: Efficiency and Equilibrium1979Economics LettersVolume4The Market Valuation of Cash Dividends: A Case to Consider1978Journal of Financial EconomicsIssue2Volume6Portfolio Strategies and Performance1977Journal of Financial EconomicsIssue2Volume5Efficient Portfolio Choice with Differential Taxation of dividends and Capital Gains1977Journal of Financial EconomicsIssue1Volume5Stock Prices, Inflation, and the Term Structure of Interest Rates1974Journal of Financial EconomicsIssue2Volume1Consumption-Investment Decisions and Equilibrium in the Securities Market1972Praeger PublishersWealth, Welfare, and the Price of Risk1972Journal of FinanceIssue2Volume27Corporate Investment Under Uncertainty and Pareto Optimality in the Capital Market1972Bell Journal of Economics and Management ScienceIssue1Volume3